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Eurocastle Investment (ECT) Ordinary NPV

Sell:€7.72 Buy:€7.80 Change: No change
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Eurocastle Investment Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 10 Dec 2019)

What is happening?

 

Eurocastle Investment Ltd is offering to buy up to 94.91% of its shares in exchange for cash and shares in doValue S.p.A, an Italian company listed on the Italian Stock Exchange.

 

You’re being offered cash and doValue shares with a total value per Eurocastle Investment Ltd share equivalent to EUR8.14 based on the doValue share price at the time the offer was made. The exact ratio of cash and stock will not be decided until the offer is complete but the following is an indication of what you may receive:

 

• If the company receives tenders for all of the shares it’s trying to buy back, you’d get 0.4353022356 of a doValue share and EUR3.16 in cash.
• If the company only receives the tenders that have so far been committed to it, you’d get 0.5441257618 of a doValue share and EUR1.92 per share.

 

These ratios are for indicative purposes only and the actual ratio used could lie in between the two.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 94.91% of your Shareholding. You can ask to sell more or less than this, but you may not successfully sell all the shares you tender above this entitlement.

 

What are my options?

 

Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t, you’ll keep your existing shares.


Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your shares. You’ll receive cash and doValue shares from Eurocastle Investment Ltd shares successfully sold from 20 December 2019, any shares not successfully sold will be returned to your Account around the same time. 

 

Will I receive any cash proceeds in Euros?

 

We will convert the proceeds into Sterling on receipt, subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Any instruction must be received in this office by the Hargreaves Lansdown client deadline which is noon on Friday 13 December 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:€7.72
Buy:€7.80
Change: No change
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Eurocastle Investment Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 10 Dec 2019)

What is happening?

 

Eurocastle Investment Ltd is offering to buy up to 94.91% of its shares in exchange for cash and shares in doValue S.p.A, an Italian company listed on the Italian Stock Exchange.

 

You’re being offered cash and doValue shares with a total value per Eurocastle Investment Ltd share equivalent to EUR8.14 based on the doValue share price at the time the offer was made. The exact ratio of cash and stock will not be decided until the offer is complete but the following is an indication of what you may receive:

 

• If the company receives tenders for all of the shares it’s trying to buy back, you’d get 0.4353022356 of a doValue share and EUR3.16 in cash.
• If the company only receives the tenders that have so far been committed to it, you’d get 0.5441257618 of a doValue share and EUR1.92 per share.

 

These ratios are for indicative purposes only and the actual ratio used could lie in between the two.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 94.91% of your Shareholding. You can ask to sell more or less than this, but you may not successfully sell all the shares you tender above this entitlement.

 

What are my options?

 

Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t, you’ll keep your existing shares.


Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your shares. You’ll receive cash and doValue shares from Eurocastle Investment Ltd shares successfully sold from 20 December 2019, any shares not successfully sold will be returned to your Account around the same time. 

 

Will I receive any cash proceeds in Euros?

 

We will convert the proceeds into Sterling on receipt, subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Any instruction must be received in this office by the Hargreaves Lansdown client deadline which is noon on Friday 13 December 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:€7.72
Buy:€7.80
Change: No change
Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Eurocastle Investment Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 10 Dec 2019)

What is happening?

 

Eurocastle Investment Ltd is offering to buy up to 94.91% of its shares in exchange for cash and shares in doValue S.p.A, an Italian company listed on the Italian Stock Exchange.

 

You’re being offered cash and doValue shares with a total value per Eurocastle Investment Ltd share equivalent to EUR8.14 based on the doValue share price at the time the offer was made. The exact ratio of cash and stock will not be decided until the offer is complete but the following is an indication of what you may receive:

 

• If the company receives tenders for all of the shares it’s trying to buy back, you’d get 0.4353022356 of a doValue share and EUR3.16 in cash.
• If the company only receives the tenders that have so far been committed to it, you’d get 0.5441257618 of a doValue share and EUR1.92 per share.

 

These ratios are for indicative purposes only and the actual ratio used could lie in between the two.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 94.91% of your Shareholding. You can ask to sell more or less than this, but you may not successfully sell all the shares you tender above this entitlement.

 

What are my options?

 

Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t, you’ll keep your existing shares.


Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your shares. You’ll receive cash and doValue shares from Eurocastle Investment Ltd shares successfully sold from 20 December 2019, any shares not successfully sold will be returned to your Account around the same time. 

 

Will I receive any cash proceeds in Euros?

 

We will convert the proceeds into Sterling on receipt, subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Any instruction must be received in this office by the Hargreaves Lansdown client deadline which is noon on Friday 13 December 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
n/a
Trade high:
€7.72
Year high:
€8.10
Market capitalisation
Market cap.
:
€14.29 million
Previous close:
€7.72
Trade low:
€7.72
Year low:
€6.50
Shares in issue
Shares
:
43.67 m
Previous:
€0.00 (0.00%)
Previous:
€0.00
Volume:
n/a
Dividend yield:
7.77%
Currency:
EUR
Data delayed by at least 15 minutes.

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Important Documents



Dividend information for this stock is not available.

Dividend information for this stock is not available.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Reuters. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look. Exchange disclaimer

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.